118 Nevell DrEasleySC29642
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Easley at 118 Nevell Dr, Easley, SC, 29642 offers $3,485/mo rent that, after a $2,716/mo payment, leaves $182/mo cash flow. Total monthly income is $3,485/mo, and annual cash flow is $2,180/yr on $182,595 cash. Return on cash invested measures 21.25% in year one, and rental yield stands at 7.54% at a $555,000 entry. Equity gained on principal adds $3,581/yr while 5% annual appreciation compounds into $153,336 by year five. Five-year ROI records 109.71% and total cumulative return in cash reaches $200,324. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,485/mo property income versus a $2,716/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29642, Easley, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,377 (100%) |
| Owner Occupied HU | 12,089 (78.6%) |
| Renter Occupied HU | 2,460 (16.0%) |
| Vacant Housing Units | 828 ( 5.4%) |
| Median Home Value | $294,353 |
| Average Home Value | $333,714 |
Housing Distribution
Address Breakdown
Residential
15,301
Single Family
14,406
Multi-Family
895
Businesses
424
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Listed by: Mandy Wright • Brand Name Real Estate Upstate
Mls Name: WUMLS
Mls ID: #20293921